Property Type: TownhouseOwnership: Strata

304 6880 Wallace Dr

Central Saanich, BC V8M1N8

$1,225,000

3 bed3 bath2 parking2,334 sqftBuilt 1989
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Property Details

Property & Lot

Sub-type
Row / Townhouse
Zoning
Residential

Ownership & Fees

Property type
Townhouse
Ownership
Strata
Strata / maintenance fee
$545/mo
Annual property tax
$4,484

Interior

Heating
Heat Pump, Baseboard heaters, Forced air, Electric
Cooling / A/C
Central air conditioning, Air Conditioned
Fireplace
Yes (1)
Appliances
Washer, Refrigerator, Range - Electric, Dishwasher, Dryer, Microwave

Exterior & Lot

View
Mountain view, Ocean view
Waterfront
Waterfront on ocean
Lot features
Hillside, Sloping, Other, Marine Oriented, Gated community

Building

Parcel ID (PID)
013-367-455

Parking

Total spaces
2

Restrictions & Policies

Pets
Allowed

As reported by the listing board — always confirm current bylaws with the strata or landlord before relying on this.

Room Dimensions

RoomLevelDimensions
PatioLower level3'8 x 9'8
PatioLower level10'7 x 10'5
PatioMain level16'4 x 13'9
BalconyMain level6'2 x 9'8
BalconyMain level13'1 x 10'5
BathroomLower level3-Piece
BedroomLower level19'9 x 12'4
DenLower level6'0 x 15'8
Family roomLower level19'1 x 25'5
BedroomMain level12'9 x 10'0
EntranceMain level7'6 x 6'6
Laundry roomMain level7'0 x 14'1
BathroomMain level5-Piece
BathroomMain level2-Piece
Dining roomMain level10'2 x 12'4
KitchenMain level10'9 x 9'7
Living roomMain level15'1 x 14'6
Eating areaMain level8'3 x 9'3
Primary BedroomMain level15'10 x 12'6

Listing Information

MLS®
1042584
Listed
July 9, 2026
Time on market
On the market for 53 days
Data last synced
August 30, 2026

Listing provided by: Royal LePage Coast Capital - Chatterton · Data source: CREA DDF.

Description

Open House Saturday August 29th 2:00 - 4:00pm. Welcome to Port Royale, the Peninsula's premier waterfront community, where exceptional management, beautifully maintained grounds and an unmatched lifestyle have made this one of the area's most coveted addresses. Offered for the first time since 1991, this rare residence enjoys one of the finest view settings in the complex, showcasing sweeping marina, ocean and mountain vistas from both levels. Thoughtfully updated with hardwood flooring, renovated bathrooms and an energy-efficient heat pump, the home blends timeless comfort with modern convenience. The spacious floor plan offers effortless main-level living, while the lower level is perfect for guests, extended family or a caregiver. Three private outdoor spaces, abundant storage and generous room sizes complete this exceptional offering. Opportunities like this are rare—secure your private viewing today. (id:63159)

Values & Trends

This listing

$525/sqft

Building average

No other active listings in this building

Brentwood Bay average

$576/sqft

5 active listing(s)

Parking: 2 stall(s) includedStorage locker: Not indicated

Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.

Location Insights

Weather

Nearest station: Victoria (Hartland)

Mainly Clear

16°C

Mainly Clear

Humidity 73%

Wind S 6 km/h

Tonight

12°

Tuesday

19°

Tuesday night

13°

Wednesday

15°

Wednesday night

11°

Thursday

15°

Source: Environment and Climate Change Canada.

Population

17,385

(2021 Census)

+3.4% since 2016

Density: 422/km²

Dwellings: 7,621

Median household income: $103,000

After-tax: $90,000

Immigrant population: 16.2%

Top countries of origin (% of total population)

  • United Kingdom5.3% · 920
  • United States of America1.6% · 280
  • India0.9% · 165
  • Philippines0.9% · 160
  • Germany0.9% · 150
  • Netherlands0.7% · 120
  • South Africa, Republic of0.6% · 110
  • China0.3% · 55

Source: Statistics Canada, 2021 Census of Population.

Location Accessibility

Our own metric — not an official Walk Score®.

Amenities

19

3/9 categories nearby

Transit

Not enough data yet

How this is calculated

Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.

Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.

Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.

Nearby Schools

SchoolTypeDistance
Bayside Middle SchoolMiddle639 m
Brentwood ElementaryElementary1.3 km
Stelly's SecondarySecondary2.4 km
SD 63 Individual Learning CentreSecondary3.8 km
Keating ElementaryElementary4.4 km
Prospect Lake ElementaryElementary5.5 km
Lakeview Christian School(Independent)Elementary/Middle6.9 km
ḰELSET ElementaryElementary7.0 km

Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.

Nearby Transit

No TransLink stops within an ~10-minute walk.

Nearby Places

Restaurants (2)

  • The Blue Poppy587 m
  • Dining Room Restaurant617 m

Cafes (1)

  • Coffee Shop581 m

Parks (5+)

  • Hardy Park93 m
  • Ravine Park221 m
  • Brentwood Heights Park274 m
  • Chatterton Park466 m
  • Happy Day Park468 m

Nearby places data: © OpenStreetMap contributors.

School district: Saanich (SD63)

Mortgage & Ownership Cost Calculator

Minimum required: 8.0% ($97,500) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.

Financial Ledger

Net mortgage (loan + CMHC insurance)$980,000.00
Periodic payment — Principal & Interest (monthly)$6,322.63
Additional monthly expenses (strata, tax, utilities, etc.)$1,035.87
Total monthly cost$7,358.49
Interest paid over 5-yr term$280,870.82
Balance at end of term$881,513.17

Rates based on Bank of Canada benchmark data.

Financial Summary

Minimum down payment$97,500
Stress test qualifying rate8.09%
Payment you must qualify for$8,670.08

Cash Needed at Closing

Minimum down payment$97,500
Estimated BC PTT$22,500
Legal / closing costs (typical estimate)$1,500
Total cash needed$121,500

Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.

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